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TEWKSBURY Real Estate Market Trends: Week of August 24th, 2015

By
Real Estate Agent with LAER Realty Partners
TEWKSBURY Real Estate Market Trends:
Single Family Homes - Week of August 24th, 2015

Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of August 24th, 2015. (Source: AltosResearch).

  For Week of  August 24th, 2015
Median List Price $389,900
Average List Price $390,342
Average Days on Market 65
No. of Homes On Market 43
Median House Size 1,690 sq ft.
Market Action Index

53.4 -  Strong Seller's

Data provided by ©2005-2014 Altos Research LLC.

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

The median list price in TEWKSBURY, MA  this week is $389,900. The 43 properties have been on the market for an average of 65 days.

 

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Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Tewksbury market is really hot - even now, when other towns are showing the sign of stabilization.

Sep 19, 2015 03:41 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

You can see that market action index is still over 50 (was even higher in last month.) Shows it's Seller's Strong Market.

Sep 19, 2015 03:42 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median List Price is close to $400K - a lot for Tewksbury.

Sep 19, 2015 03:42 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average List Price is also close to $400K - shows that the market is going to be at this level for a while.

Sep 19, 2015 03:43 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The homes are selling quickly - average days on market is only 65! That's little over 2 months.

Sep 19, 2015 03:44 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And only 43 homes on market - means still very low inventory.

Sep 19, 2015 03:44 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, it's still seller's market in Tewksbury. And it's going to remain same perhaps till end of the year.

Sep 19, 2015 03:45 PM